News In brief
HKMA investigates mis-selling claims
The Hong Kong Monetary Association (HKMA) is assessing more than 5,500 complaints of alleged improper selling of investment products by banks, in the wake of the collapse of Lehman Brothers on September 15.
The 5,567 complaints have been received from retail investors and 22 investigations have already been launched. Further information has been requested regarding 1,250 cases, with the others awaiting follow-up action.
"We sympathise with investors who have
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